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If $11,000 Had Been Invested in the Fictious Fund on June

question 56

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If $11,000 had been invested in the Fictious Fund on June 30, 1991, then on June 30, 2000 the investment would have been worth $34,575.25. What interest rate compounded annually would this investment have earned? Round your answer to two decimal places. ​


Definitions:

Provincial Health Care

The health services provided by each of the provinces or territories in Canada, which can vary regionally while being universally accessible to residents.

Supplementary Health Benefits

Additional health-related benefits provided by employers, beyond basic medical coverage, such as dental or vision care.

Employer Health Plans

Insurance schemes provided by employers to cover the medical costs of their employees.

Medical

Relating to the science or practice of medicine, including the diagnosis, treatment, and prevention of diseases.

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